Audit applicability
This query is : Resolved
03 August 2018
IF MY GROSS TURNOVER EXCEEDS 1 CRORE AND MY PROFIT PERCENTAGE IS ALSO LESS THAN 8%, UNDER WHICH SECTION I'M LIABLE TO DO TAX AUDIT ?
03 August 2018
ITR 4 with proper P&L Balance Sheet finalized by Auditors
03 August 2018
I WAS ASKING ABOUT THE SECTION IN WHICH I AM LIABLE TO CONDUCT TAX AUDIT .
03 August 2018
Sub section (5) of section 44AD gives an option to the assessee to declare profit lower than 8% / 6%, by maintaining books of account etc. as required under section 44AA and by furnishing audit report as required under Section 44AB.
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